The fall appears mostly justified after the loss of a large institutional client. Fund management is the type of business with high operating leverage and in this case the fall in markets combined with net fund outflows will cause a contraction in earnings. Though if the SP keeps falling it could be an interesting opportunity.
alarming fall, page-10
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$22.17 |
Change
0.340(1.56%) |
Mkt cap ! $2.530B | |||
| Open | High | Low | Value | Volume |
| $21.83 | $22.21 | $21.76 | $7.182M | 324.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 685 | $22.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.18 | 364 | 1 |
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| PPT (ASX) Chart |